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do to the navy. it will take the navy and drive it down to the smallest force it has had since prior to world war one. not world war ii, lou. world war one. lou: you know, i'm sorry, admiral. when governor romney said that, pointed that out to president obama in the debate, he was -- we had horses and bayonets, too. he seemed to make light of that. how important is it can you give us a sense of the impact? >> i think the president's comment is showing his inexperience in military matters. in this particular case we are going down to 220 ships. to put that number in perspective, i had 2505 ships under my command in the pacific fleet's. 20 percent of those 220 ships will be the literal combat ships which basically have no offensive or defensive capability. we are going to be challenged where we show weakness. and let me give you an example. just today china announced effective january 1 they have authorized their paramilitary naval forces and their police to stop all vessels in the south china sea that
do to the navy. it will take the navy and drive it down to the smallest force it has had since prior to world war one. not world war ii, lou. world war one. lou: you know, i'm sorry, admiral. when governor romney said that, pointed that out to president obama in the debate, he was -- we had horses and bayonets, too. he seemed to make light of that. how important is it can you give us a sense of the impact? >> i think the president's comment is showing his inexperience in military matters....
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in '09 he had the navy pay $424 a gallon for 20,000 gallons. that is fuel on the market you could buy for $3 a gallon. $424 a gallon. in mind, this president has had a war on our defense system. he disarmed america. he has done away with our brigade combat teams, our ships, our f-22s, c-17s, future combat systems. he uses the excuse. no, i have not reduced the budget for the defense. but what he has done, melissa is move his green agenda into the, under the defense so we're paying for all this. now, senator mccain and i took this out. we had two changes that we made in the law to keep them from doing that. one was a section that said you can no longer use our readiness dollars to buy all this fuel and all this stuff. and then, we also have had a prohibition against using defense dollars to build refineries. that can be done in the private sector. well on the floor there was an amendment, pretty much down party lines. mark udall had one amendment and hagen had the other one, to kill our efforts, to keep them from using our defense dollars for a
in '09 he had the navy pay $424 a gallon for 20,000 gallons. that is fuel on the market you could buy for $3 a gallon. $424 a gallon. in mind, this president has had a war on our defense system. he disarmed america. he has done away with our brigade combat teams, our ships, our f-22s, c-17s, future combat systems. he uses the excuse. no, i have not reduced the budget for the defense. but what he has done, melissa is move his green agenda into the, under the defense so we're paying for all this....
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i don't like the navy and air force doing that. i think that is bad for my children's future because it runs up the debt and deficit. >> the best thing for my children's future. i have two boys. one 10 years and one ten months and i'm worried about climate change and their future. we need to stop encouraging the industries that are causing this problem. the oil industry, gas and coal industries. and we need to start encouraging clean energy if we will solve it. the very first place to start is to stop giving these subsidies. it is a no-brainer. the vast majority of americans of all parties actually support this perspective. melissa: without affordable energy we have no economy and that is for sure bad for my children. we have no jobs. we have no industry. >> why is the fastest growing new source of energy in this country wind energy or distributed solar. melissa: because it is completely supported by the government and by my tax dollars. >> not even close to as much as --. melissa: absolutely no money to spend on these things you k
i don't like the navy and air force doing that. i think that is bad for my children's future because it runs up the debt and deficit. >> the best thing for my children's future. i have two boys. one 10 years and one ten months and i'm worried about climate change and their future. we need to stop encouraging the industries that are causing this problem. the oil industry, gas and coal industries. and we need to start encouraging clean energy if we will solve it. the very first place to...
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navy you can finally become a farmville addict. dagen: i hate it. i have never been interested in gambling. i love vegas, do not gamble. connell: thank you, shibani. dagen: give me a little bit of credit. connell: a quarter till the hour. nicole petallides is back to talk about the markets. nicole: we have a company here speeding up some dividend and share repurchase. let's take a look at satellite radio sirius xm. the stock has been up all morning. they approved a $2 billion common stock repurchase program. also, the fact that they declared a special cash dividend at five cents a share on common stock. that will be available on december 28. not january when the prices go up. they are getting that in. almost 200 companies have done exactly that. here is a look at it right now. of 2%. a winning day on wall street. the tech heavy nasdaq is up. connell: some sports coming up. kobe bryant making nba history for the lakers. dagen: profiting. one of the biggest nail polish companies in the world. how is business in this economy? let's take a look at some
navy you can finally become a farmville addict. dagen: i hate it. i have never been interested in gambling. i love vegas, do not gamble. connell: thank you, shibani. dagen: give me a little bit of credit. connell: a quarter till the hour. nicole petallides is back to talk about the markets. nicole: we have a company here speeding up some dividend and share repurchase. let's take a look at satellite radio sirius xm. the stock has been up all morning. they approved a $2 billion common stock...
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asia is not charging forward as quickly as they were navy a few years ago. but, i think what you have unrecognized and what many of you have told me, everybody is working for america. they understand that if we are able to put forward a long-term agenda, for growth and prosperity, it is broad-based here in the united states, the covenants will not just increase here in the united states, it will increase globally. we can get the cycle i think all of us have been waiting for and want to see. what is holding us back right now, ironically, is a lot of stuff going on in this town. i know that many of you have come down here to try to see if there is a way we can break through the law jim and go ahead and get things done. i am here to tell you that nobody wants to get this done more than me. i know that you have had a lot of briefings. let me describe where the situation is right now with respect to our fiscal situation, both for the opportunities are and where the challenges are. i campaigned over the last year on the idea that we need to make sure that this eco
asia is not charging forward as quickly as they were navy a few years ago. but, i think what you have unrecognized and what many of you have told me, everybody is working for america. they understand that if we are able to put forward a long-term agenda, for growth and prosperity, it is broad-based here in the united states, the covenants will not just increase here in the united states, it will increase globally. we can get the cycle i think all of us have been waiting for and want to see....